(SCHH)
Max Pain By Strike
SCHH trades at $20.89, pinned near the near-term max pain of $21 expiring Aug 15, 2025 (0 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($7-$95), signaling increased put positioning or downside protection. Key magnetic zone at 21 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
Max Pain By Expiry
Max pain for SCHH shows a downward trend from 95 to 7, indicating bearish sentiment or hedging activity. The 310% spread signals divergent expectations across timeframes. Levels distributed around 20.89. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.
Max Pain Table
| Expiration Date | Max Pain | Max Pain vs Current Price |
|---|---|---|
| Aug 15, 2025 | 21 | 0.11 (0.53%) |
| Sep 19, 2025 | 22 | 1.11 (5.31%) |
| Oct 17, 2025 | 20 | -0.89 (-4.26%) |
| Jan 16, 2026 | 21 | 0.11 (0.53%) |
| Apr 17, 2026 | 13 | -7.89 (-37.77%) |
| Jun 18, 2026 | 95 | 74.11 (354.76%) |
| Aug 21, 2026 | 7 | -13.89 (-66.49%) |